Dealing with tax debt can be daunting, but there are ways to alleviate the pressure without breaking the bank. While paying your taxes in full is the most straightforward and effective approach, this article focuses on alternative methods to ease your tax burden. Ten common tactics can help you achieve this goal, and they form the core of our discussion today.
Allow me to introduce myself – I’m Kelly Coughlin, a certified public accountant (CPA), the CEO of EveryDayCPA, and the founder of TaxResolution Help Center. Our extensive research reveals a significant breakdown in how taxpayers approach their tax debts. Shockingly, only 10% of those with tax debt seek professional help, while 20% attempt a DIY approach, and a staggering 70% choose to ignore the issue entirely. Our mission is to extend our assistance to these three distinct categories.
For the 10% who opt to hire a tax professional, we aim to guide you in making an informed choice – selecting a capable and adept individual to represent you. We offer insights and strategies for a more compelling journey to the 20% who are courageously navigating the path alone. Lastly, for the 70% who are yet to address their tax debt, we’re here to motivate and guide you through the process, step by step.
In this initial post, let’s delve into some fundamental concepts that can give you a fighting chance when it comes to reducing, removing, and ultimately resolving your tax debt – all by yourself.
So, without further ado, let’s embark on this journey towards financial peace and get you ready and prepared for the road ahead. Stay tuned for our upcoming posts where we’ll explore these ten tactics in detail and help you regain control over your tax situation.
Remember, addressing tax debt might seem overwhelming, but with the right strategies and mindset, you can overcome it.
Kelly Coughlin, CPA CEO, EveryDayCPA.com Founder,TaxRxCenter.org kelly@everydaycpa.com Make an Appointment with Kelly